Since moving to our new offices in the Knowledge Gateway at the University of Essex, Sanderson & Co have been increasingly involved with helping students and spin-out businesses to learn about Intellectual Property protection.
Dr. Andrea Salin, recently put his university lecturing experience to good use when he gave a lecture on patents and commercialisation of research to a group of final year students in the School of Biological Sciences at the University of Essex on 24th November 2017.
Dr. Gareth Jones, lecturer in Biochemistry, said “I was very pleased when Dr. Salin accepted to be a guest lecturer on my module as students derive particular benefit from hearing about different issues in Biomolecular Sciences directly from experts in the field. Dr. Salin gave an overview of different types of Intellectual Property and discussed engagingly what patents are, why and when they are needed by scientific business and their role in the commercialisation of scientific discoveries in particular.”
A few days later, Andrea put his skills to use again talking to a smaller group of post-graduate business start-ups as part of a series put on by the University of Essex Start-up Hub. The group had a particular interest in the Intellectual Property aspects of software and computer driven technology applications.
There was some excellent feedback from the attendees who really appreciated Andrea’s knowledge of the subject and his enthusiasm for this increasingly important area of Intellectual Property protection.
“Andrea made a complex subject interesting and easy to understand, he even made it enjoyable. Andrea knew the answer to every question he was asked (even the odd and difficult ones asked by me) and he gave really useful advice. I would 100% recommend Sandersons & Co and more specifically recommend Andrea to anyone who had an Intellectual Property needs. Great overview session, just hope it can be longer next time.”
Hayley Jones – Enterprise Assistant
“Dr. Andrea Salin from Sanderson & Co. explained the complexities of the IP process, the regulations and different scenarios in a clear, concise and understandable manner. The presentation was clever and tailored specifically to our necessities. He provided real-life examples to illustrate whether a particular IP type is applicable to us, or not. Dr. Salin walked us through the fundamentals of IP and build a comprehensive and open environment where the attendees were able to formulate questions related to particular scenarios of their business. Subsequently, those questions were answered with a great balance among law regulations, business applications and particular project technicalities. It was a pity the hard stop due external factors, I look forward to have the privilege of being invited to another session with Dr. Andrea Salin from Sanderson & Co. in the near future.”
Emmanuel Ferreyra Olivares – School of Computer Science and Electronic Engineering
Dr. Andrea Salin
Dr. Andrea Salin
tel: +44 1206 571187
Does your business understand and manage its Intellectual Property effectively? If not, you are not alone. Many small businesses worry that it is too complex for them to handle themselves but too expensive to employ external experts.
However, by following some simple steps, you can avoid the most common IP pitfalls and protect your business.
- Understand and identify what IP your business holds.
Your technical innovations, distinctive brands and designs, original authored materials, technical know-how and trade secrets are all your Intellectual Property. Some arise automatically but some must be applied for.
- IP is not only for big companies.
IP rights help ensure that the people who create ideas are rewarded for their efforts. They help individuals and start-ups to compete with larger companies. They can be extremely valuable and are a crucial component in building your business.
- IP rights are key business assets.
They can generate income through commercialisation and licensing and add value to your SME. Investors need to know your IP is protected.
- Consider licensing your IP.
If your IP would be useful to other businesses, you may be able to license its use to them. It is a low risk way of exploiting your IP and can provide small businesses with new opportunities for conducting business domestically or abroad.
- Make sure you know who owns the IP.
Under UK law an employer owns the IP created by its employees working “in the course of their employment”. However, contractors and consultants usually own everything they create – even if you have commissioned it – unless they assign ownership to your company with a simple contract.
- Confidentiality is vital to start with.
If you don’t keep your IP confidential you risk someone else discovering and benefiting from your innovation. Also, some forms of IP cannot be obtained if the idea has been made public before you apply to protect it. Third parties may need to sign non-disclosure agreements at early stages.
- Think strategically.
Align your business plan with your IP development. Consider an invention capture process so that you identify and protect new IP at the appropriate times.
- Think about international protection.
Most IP rights are territorial and give no protection outside that territory. You need to balance the costs of broader international protection against the likely risks and benefits of operating in the countries where you make, buy, or sell your products.
- Stay vigilant.
Regular searches of published IP rights will prevent you unknowingly infringing someone else’s IP. Infringement can result in substantial fines or injunctions for your company. Searches can also identify when somebody else is infringing your rights.
- Use your IP rights correctly.
Your IP rights can be challenged and invalidated if you don’t look after them. g. Trade marks must be used regularly and correctly. Patented products should be marked appropriately.
James Sanderson – Senior Partner
“A proactive, well designed IP strategy can help drive the growth of your company and does not have to be expensive.
Much of the work involved can be managed internally but sound professional guidance will give you vital peace of mind.
It is much cheaper to get professional advice and quality IP protection ahead of time rather than having to try and sort out the mess after things have gone wrong.”
Some companies think that investing in Intellectual Property isn’t right for them…. it’s something that the big boys do… Wrong! IP isn’t just for large companies with deep pockets. UK SME’s file over 10x as many patents and trade mark applications as big companies. The time and money that you have invested in your innovation and business should be protected by IP rights.
- IP encourages investment in your company
- IP protects against unsafe and counterfeit goods
- Inventions that are protected by patents are valuable business assets
- Registering your trade mark allows you to safely extend its business use
- IP protects and supports innovation
- Innovation promotes business growth
- Profits from patented inventions attract reduced UK corporation tax through the Patent Box so you get to keep more of your profits to re-invest in business growth
Below is a short film from Ideas Matter – www.ideasmatter.com
IP By Numbers: Video from Ideas Matter on Vimeo
Contact Sanderson & Co to talk about how you can make the best use of IP rights.